WHEAT

- Jun 26 - Taiwan Flour Millers' Association seeks 95,350 MT of US milling wheat

- Jun 21 - Japan seeks 91,188 MT of food wheat for August shipments:

  • 19,070 MT of western white US wheat;
  • 23,380 MT of hard red winter US wheat;
  • 23,493 MT of dark northern spring US wheat;
  • 25,245 MT of Australian standard white wheat

- Jun 19 - Egypt's GASC bought 240,000 MT of wheat from Romania for Aug 1-10 delivery:

  • 120,000 MT of Romanian wheat from ADM at 218.1 $/mt c&f (203.95 fob+14.15 freight),
  • 60,000 MT of Romanian wheat from CHS at 218.1 $/mt c&f (203.95 fob+14.15 freight),
  • 60,000 MT of Romanian wheat from Cargill at 218.1 $/mt c&f (203.95 fob+14.15 freight)

- Egypt has bought 3.4 MMT of local wheat so far this season. Wheat strategic reserves are at 4.4 months

- Jun 18 - Argentina registered 240,145 MT of wheat for export

- May 25 - Ethiopia bought 200,000 MT of optional-origin wheat from Promising International at a total price of $52,010,000 C&F liner out to the port of Djibouti. The price includes 180 days credit financing and with shipment by Ethiopian shipping lines

- US wheat export inspections for week, ending Jun 14, recorded 372,843 MT, within trade expectations (300-500 TMT). Inspections for 2018/19 are running 51.3% behind of year-ago

- USDA rated 39% of the US winter wheat crop in good to excellent condition as of June 17, up 1% point from prior week and ahead of average expectation (38%), but down vs. 49% a year ago. USDA said the US winter wheat harvest was 27% complete, ahead of average expectation (26%), also above the last year’s 26% and the five-year average of 19%. USDA rated 78% of the US spring wheat crop in good-to-excellent condition as of June 17, up 8% points from prior week, ahead of market expectation (70%) and significantly up compared to 41% a year-ago

- South Korea has suspended the sale of wheat and flour from Canada after the North American nation announced last week the discovery in mid-2017 of an unapproved genetically modified trait in Alberta province

- Ukrainian farmers harvested 10,500 MT of winter wheat as of June 18, yields totalled 2.62 mt/ha

- MARS lowered its yield forecast for this year's EU soft wheat to 6.04 mt/ha from 6.19 mt/ha prior month, up 1.2% from last year but 1.2% below the five-year mean

- Japan's May grain imports fell 8.4% on year to 2.194 MMT, incl. 1.704 MMT from the US (down by 10.6%)

- ONICL forecasts Morocco may harvest around 7.1 MMT of wheat this year (incl. 4.8 MMT of soft wheat and 2.3 MMT of durum), unchanged from 7.1 MMT (incl. 4.89 MMT of soft wheat and 2.2 MMT of durum) last season. Soft wheat imports were seen at 3.0 MMT in 2018/19, up from 2.66 MMT in the prior season

CORN

- Jun 18 - Argentina registered 565,845 MT of corn for export

- Jun 15 - South Korea's KFA (Korea Feed Association) bought 66,000 MT of optional-origin corn from CHS at 211.5 $/mt c&f for Nov 15 arrival

- Jun 15 - South Korea's Feed Leaders Committee (FLC) bought around 65,000 MT of optional-origin corn from Mitsui at 211.99 $/mt c&f + 1.00 $/mt surcharge for additional port unloading for Nov 5 arrival

- US corn export inspections for week, ending Jun 14, reported 1,668,835 MT, topped market expectations (1.1 -1.6 MMT). Inspections for 2017/18 are running 8.5% behind of year-ago

- USDA rated 78% of the country’s corn in good or excellent condition as of June 17, up 1% point from prior week and ahead of analysts’ expectation of 76%, also considerably better than last year’s 67%

- Ukrainian farmers harvested 268,000 MT of barley as of June 18, yields totalled 3.3 mt/ha

- Ukrainian farmers harvested 2,000 MT of peas as of June 18, yields totalled 2.27 mt/ha

- MARS cut its yield forecast for this year's EU corn to 7.35 mt/ha from 7.64 mt/ha last month, down 6.4% from last year but 0.7% above the five-year average

- MARS lowered its yield estimate for this year's EU barley (winter and spring) to 4.98 mt/ha from 5.04 mt/ha last month, up 1.8% from last year and 1.5% above the 5-year average

- Japan's use of corn in animal feed rose to 48.4% in April 2018, up 0.6% point from prior month and up by 2% points above year-ago level (46.4% in Apr 2017). Its use of barley rose to 3.5% from 3.4% month ago and 3.5% year ago; while wheat usage left at 1.7% (1.9% year-ago). Sorghum usage in feed rations declined to 2.0% in Apr (2.1% in Mar 2018) from 2.2% a year ago

SOYBEAN

- Jun 20 - China sold 77,782 MT of 2013-crop soybeans from state reserves, or 25.4% of the offered amount, at average price of 2,995 RMB/mt (462 $/mt)

- Jun 19 - South Korea’s Agro-Fisheries & Food Trade Corp bought 8,000 MT of US non-GM soybeans from Sinsong Food Corp (3,000 MT at 573.15 $/mt for Nov 1-30 arrival) and BSK Corp (5,000 MT at 573.15 $/mt for Nov 20-Dec 15 arrival)

- Jun 15 - Three South Korean buyers purchased a total of about 180,000 MT of South American soymeal in separate private deals:

  • Feed Leaders Committee (FLC) bought 60,000 MT from CJ International at 437.50 $/mt c&f+1.25 $/mt surcharge for additional port unloading for Nov 10 arrival
  • Major Feedmill Group (MFG) bought 60,000 MT from Bunge at 447.99 $/mt c&f including a surcharge for additional port unloading for Dec 1 arrival;
  • Korea Feed Association (KFA) bought 60,000 MT from Bunge at 444.19 $/mt c&f including a surcharge for additional port unloading for Dec 25 arrival;

- Jun 19 - Argentina registered for export 130,869 MT of soymeal and 100,000 MT of soybean oil

- Jun 18 - Argentina registered for export 200,124 MT of soymeal and 65,276 MT of soybean oil

- US soybean export inspections for week, ending Jun 14, reported 818,396 MT, well above trade estimates (350-650 TMT). Inspections for the 2017/18 marketing year are running 7% behind of year-ago

- USDA said 97% of the US soybean crop was planted as of June 17, matching market forecasts, ahead of 95% last year and an 91% five-year average. USDA rated 73% of the country’s soybeans in good or excellent condition, down 1% point from prior week and behind of analyst expectations (74%), but better than last year’s 67%

- Japan's May soybean imports rose 4.1% on year to 326,236 MT, incl. 165,999 MT from the US (down by 21.8%)

- Ukrainian farmers harvested 6,000 MT of rapeseed as of June 18, yields totalled 1.74 mt/ha

- MARS cut its yield forecast for this year's EU rapeseed to 3.05 mt/ha from 3.19 mt/ha last month, down 7.3% from 2017 and 7.4% below the 5-year average

- MARS lowered its yield forecast for this year's EU sunflower seed to 2.27 mt/ha from 2.31 mt/ha last month, up 7.2% over the 5-year average but down 7.2% from 2017

- Surveyor AmSpec Agri Malaysia estimated Malaysia's June 1-20 palm oil exports at 690,015 MT down 6.4% from a month ago

- Surveyor SGS estimated Malaysia's June 1-15 palm oil exports at 498,272 MT down 9.6% from a month ago